7 Stocks Recommended by Warren Buffett to Buy in the Third Quarter

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“Warren Buffett’s Latest Buys: EV Plays and Fintechs Among Top Picks for Investors”

Warren Buffett’s investment choices have always been closely watched by investors and analysts alike. While his portfolio is known for its heavy weighting in blue-chip stocks like Apple, American Express, Bank of America, and Coca-Cola, there are also some interesting growth and value plays that stand out among his holdings.

One such standout is BYD (BYDDF), a China-based EV maker that Buffett first invested in back in 2008. Despite reducing Berkshire’s stake in BYD in recent quarters, the company has continued to dominate the EV market in China and expand globally, making it a compelling investment opportunity for individual investors.

Another intriguing pick is Citigroup (C), which may not seem like a typical Buffett stock at first glance. However, with a valuation discount compared to other money center banks and signs of a turnaround in its latest earnings report, Citigroup presents a strong risk/reward opportunity for investors.

Chubb (CB), a global property and casualty insurer, has also caught Buffett’s eye, with Berkshire holding a 6.4% stake in the company. While a potential takeover offer from Berkshire remains uncertain, Chubb’s steady earnings growth and dividend payouts make it a worthwhile long-term investment.

Kroger (KR) is another Buffett stock to watch, especially amid its proposed merger with Albertson’s. If the deal goes through regulatory scrutiny and is completed, Kroger could see significant cost and growth synergies that boost its profitability and stock valuation.

In the fintech space, Nu Holdings (NU) has piqued Buffett’s interest with its rapid revenue and earnings growth. While NU stock may not be cheap at the moment, its strong growth trends and future earnings forecasts make it a compelling investment opportunity.

Lastly, Sumitomo (SSUMY) and T-Mobile US (TMUS) round out Buffett’s diverse portfolio, with both companies offering unique growth prospects and potential for value unlocking.

Overall, Buffett’s best buys go beyond traditional blue-chip stocks, encompassing a mix of EV plays, fintechs, and other growth and value opportunities. As investors await Berkshire Hathaway’s latest 13F filing, these top Warren Buffett stocks present compelling options for those looking to follow in the footsteps of the legendary investor.